East Austin is Makin' News & We Love Talkin' About it!
Just as people started gearing up for times reminiscent of a pre-pandemic world folks were stunned by the economic swing that has some holding on for dear life, literally, while others are watching for the uptick to take a leap into opportunities and increase their fortunes. We at Beck-Reit thought it would be helpful to compile some noteworthy East Austin news for our community of small businesses, owners, and investors. So, here’s what’s been happening in our neck of the woods!
Navigating Commercial Real Estate in a Cooling Market: Strategies for Success
Seeing Signs? Rising vacancy rates, higher concessions, slower rent growth, longer lease negotiations, and increasing sublease space. Discover essential strategies for navigating a softening commercial real estate market.
DO YOU NEED A FINANCIAL ADVISOR?
I am not opposed to financial advisors, but to say I am suspicious of them is a huge understatement. In my journey to Grow Wealth, I have never used a financial advisor, but I do have an enormous network of incredibly intelligent and experienced professionals I rely on for insight, ideas, and safeguards on how to manage my wealth.
Mann Report : Bringing Women Owners into CRE featuring DeLea Becker
The Mann Report publication wrote an inspiring article geared towards to importance of bringing owners into CRE. It’s no surprise that Beck-Reit’s own DeLea Becker was top of mind on this topic, as bringing more women into Commercial Real Estate is probably her favorite passion project.
Austin Artifact : 2110 South Congress Available for Lease
Situated on the iconic South Congress Avenue is a great piece of family-owned, Austin history that’s been around since the 50’s. Formerly known as “Lockhart’s”, this property is now home to Meteor Coffee, and possibly a new home for your business or someone you know looking for a high visibility space with great opportunity for growth. 1815 SF Off/Retail For Lease.
Austin Women Trailblazers
Bisnow is honoring Austin’s most influential trailblazers - Top-level women executives and industry powerhouses who influence the way commercial real estate is done in ATX. Read the article full of quotes by our Founder DeLea Becker : “Building The Plane While Flying It”: Women In Austin CRE Are Soaring
Beck-Reit is seeking 1031 Exchange Property up to $1 Million
Searching in San Antonio, Austin, DFW, Houston and everywhere in between - #TexasTriangle
Looking for up to $1 million
Office / Industrial / Retail
Please send over any and all options! delea@beckreit.com & office@beckreit.com
Less than 3% of Commercial Real Estate is Owned and Managed by Women
According to research by BiggerPockets, women represent less than 2% of commercial real estate investors. This figure is surprising given that more women own and manage their own businesses today than ever before. Commercial real estate is an asset class that offers tremendous potential for growth, especially when you consider the current market conditions. However, most women are not investing in commercial real estate for one main reason: lack of knowledge about how it works and how they can get started investing. But this isn't true for Women In Commercial Real Estate. For Women in our profession, investing is squarely in our Circle of Competence.
There is potential to create $1 trillion dollars of value for women in commercial real estate by 2025 if we start investing like men. It's a $3.5 trillion dollar industry, and it's the largest one in the world.
Real Estate Market Niche Show Featuring DeLea Becker
If you have not already, you should check out the Real Estate Market Niche Show, hosted by Benjamin S. Kogut. The podcast features real estate powerhouses innovating the real estate industry across all relevant niches. Benjamin allows these professionals to give insight into their journey in real estate and through their expertise and experience, extend valuable information to listeners. Wednesday, August 17, 2022, our very own DeLea Becker will be featured on the Real Estate Market Niche Show. You won’t want to miss this episode and some insightful gems on the commercial real estate industry from the “Queen of East Austin”.
1031 Diary II: Boost Mobile, 4403 W. Commerce
We acquired 4403 W Commerce in December of 2020 after selling 2707 Rogge Lane. The Rogge property was an East Side shopping center near the Mueller that required a gut renovation. We had it leased up and were working through our redevelopment plans when Austin’s growth out-paced us and a bigger fish came with an offer we couldn’t refuse.
Similar to our 8808 Barker Cypress acquisition, we felt like we could sell high in the Austin market and move our gains into a safe and stable NNN investment elsewhere.
Beck-Reit is BUYING! Send Us Your Listings!
Feasibility is about to expire on the sale of our fully-leased, 20,000sqft Warehouse in Creedmoor, TX, which means we've got nearly $2M cash to place in a safe NNN investment.
We're willing to go up to $4M for the right property... send us a winner and we'll show you the money!!
Purchase Requirement:
NNN Lease, Long Term Lease (5 year +)
Strong Tenant (Community Oriented, Recession Proof Industry, Solid FInancials
New Construction (2015-Present)
Austin/San Antonio/Dallas/Houston Location
Read our latest BLOG POST to get the full scoop on our risky warehouse play, how we turned the opportunity into a BIG SUCCESS, and how we plan to #protectthegain given our history of 1031 Exchanges.
A Look Back in Time | 6 months into 2022
See Below for an Overview of the last 6-months at Beck-Reit Commercial Real Estate, and Scroll to the Bottom for DeLea’s Notes and Takeaways from Rednews' Recent AUSTIN RETAIL FORECAST PANEL
Burnout is a Thing, especially coming off 2020 & 2021
2020 & 2021 = Epic, Challenging, Chaotic, Booming Market & Money to Spend
2022 is a New Year, but the writing on the wall shows we are in for more of the same, particularly if you are in the Commercial Real Estate industry. There is more liquid money in the market than ever before. People are eager to Make Money and Invest Money to Protect Wealth. At Beck-Reit we could work 24/7 but to perform and be at “Top Of Our Game” we need to “Slow Down to Speed Up”.
East Austin | DeLea Becker is the Face of Commercial Real Estate
The Face of Commercial Real Estate
DeLea Becker, Owner + Broker
East Austin is forever the heart and soul of Austin. The history, community, and culture of the area have forever impacted Austin for the better. This creative culture is what draws people in today: to live, work, play, and stay.